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Thursday, July 9, 2009

News

Sprint trades 6,000 employees and wireless network operations to Ericsson

Posted by Justin Kendall on Thu, Jul 9, 2009 at 12:16 PM

click to enlarge sprintlogo.jpg

In the telecommunications version of an NBA salary dump, Sprint just traded 6,000 employees and its wireless network operations to Ericsson.  This all sounds kind of scary, but Sprint claims no layoffs are planned (yet), and Sprint also gets to keep ownership of its wireless network operations. The traded employees get a new signature on their checks. No word on if Sprint is positioning itself against the New York Knicks in the LeBron James 2010 free-agency sweepstakes.

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Hopefully there was a stipulation for one decent, well-thought-out business decision to be named later. I mean, at some point sheer dumb luck would dictate that SOMETHING go right for Sprint.

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Posted by jjskck on 07/09/2009 at 2:26 PM
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